September gives New Jersey huge sports betting profit boost

Data from the New Jersey Division of Gaming Enforcement show the state’s sports betting revenue almost doubled from $95.6 million in August to $183.9 million in September, thanks to the start of the 2018 NFL season and a stream of new internet wagers.

On-site sports betting at casinos and racetracks rose by $5.1 million to $79 million, which is a seven per cent increase.

Also, wagers placed over the internet increased from $21.7 million in August to $104.9 million in September.

New Jersey has become a case study for players in the casino industry, sports leagues, technology providers, and media companies who are keenly monitoring the prospects of the US sports betting industry and how much it could grow.